Area of operations acquaintance Sample Clauses

The 'Area of operations acquaintance' clause requires a party, typically a contractor or service provider, to familiarize themselves with the physical, legal, and logistical conditions of the site or area where work will be performed. This may involve conducting site visits, reviewing relevant documentation, and assessing any potential challenges or hazards before commencing operations. By mandating this due diligence, the clause ensures that the party is fully informed about the environment, reducing the risk of unforeseen issues and disputes during the execution of the contract.
Area of operations acquaintance. Contractor declares and represents that it is acquainted in all respects with the regulatory, fiscal and logistics situation, climatic and environmental conditions existing in the area of operations and that it has evaluated all costs and risks connected therewith. Thus, contractor is solely responsible for any misunderstandings and/or incorrect information, however obtained. Art. 6 Standard of performance 6.1 Contractor shall, at contractor's sole cost and expense, furnish supervision, manpower, equipment and/or materials and supplies necessary for the performance of the service in a diligent, good and workmanlike manner. 6.2 All equipment and/or materials, supplies or manufactured articles furnished by contractor in the performance of the service shall be the best quality for their respective purposes and shall be free from all defects, latent or otherwise. Any portion of the service found defective or unsuitable shall be promptly removed, replaced or corrected by contractor without additional charge to GEUS.
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Related to Area of operations acquaintance

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • CONTINUITY OF OPERATIONS Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Statement of Operations Statement of Changes in Net Assets.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.